Topl (Now Plasma)

Plasma operates Plasma One, a consumer application that lets users hold US dollar-denominated stablecoin balances, deposit stablecoins, add local currency and convert it into dollars, send money across borders, and spend with a Plasma card that can be added to Apple Pay or Google Pay. Cards are offered in both virtual and physical form and can be issued within minutes of sign-up.

The product advertises up to 4% cashback on qualified purchases, up to 6% earnings on held balances until they are spent, free cross-border transfers, and acceptance in more than 180 countries wherever Visa is accepted. Users can withdraw funds locally at any time. Plasma One is available as a mobile app, including on Android.

Plasma One runs on the Plasma network, a purpose-built blockchain the company describes as designed for fast, low-cost and reliable stablecoin payments at global scale.

Business model

Plasma provides a consumer-facing stablecoin account and payment card, with tiered service levels; the site references a Core tier offered free for a promotional period, indicating paid subscription tiers alongside card and transfer functionality.

Traction

The company promotes availability of the Plasma One app on Android and offers virtual and physical cards issued within minutes.

Latest developments

Plasma One became available on Android, accompanied by a promotion granting a free Core tier for six months, running until 21 July 2026.